Page last updated at 08:10 GMT, Thursday, 6 May 2010 09:10 UK

Gold found in old Cornwall mine South Crofty

Gold
Gold could be mined if it is economical

Gold has been found at a revived tin mine in Cornwall.

South Crofty mine near Camborne was closed in 1998, but exploratory drilling has been happening for tin, copper and zinc.

Microscopic particles of gold have also been found and there are hopes that with modern techniques, it could be profitable to extract.

Western United Mines, which employs about 60 workers at the site, said the gold find "could be very significant".

Chief operating officer John Webster said: "It's the first time gold has been looked for and found as far as we know at South Crofty.

"We can't say we are a gold exploration company at the moment, but gold exists in Cornwall for sure.

"If we can find an economic source of it we will go mining."

The firm said buoyant prices for metals meant there was a "promising" future for South Crofty.

Manager David Stone said: "Metal prices are looking healthy and give us a good margin in production costs."



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